BlackRock Fund Advisors recently announced the acquisition of new stake in Vicor Corporation (NASDAQ:VICR). The institutional investor has increased its shareholding in the Technology company by 1.39% to 2.13 million shares with purchase of 29126.0 shares. This fresh investment now brings its stake to 6.60% valued currently at $115.09 million. In addition, Capital Research & Management Co raised its holdings by 0.3 million to 1.65 million shares. And SSgA Funds Management, Inc. has lifted its position by 2.44% or 16071.0 shares – to 0.68 million shares.
With over 0.34 million Vicor Corporation (VICR) shares trading Tuesday and a closing price of $57.17 on the day, the dollar volume was approximately $19.46 million. The shares have shown a positive half year performance of 8.36% and its price on 01/10/23 gained nearly 0.19%. Currently, there are 44.03M common shares owned by the public and among those 22.39M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for VICR have a consensus price objective of $66.00. The analysts have set the share’s price value over the next 12 months at a high of $70.00 and a low of $63.00. The average price target is 13.38% above its recent price level and an upside to the estimated low will see the stock gain 9.25% over that period. But an upside of 18.33% will see the stock hit the forecast high price target while median target price for the stock is $65.00.
Insiders at the company have transacted a total of 12 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 14,893 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 8,708 shares.
The top 3 mutual fund holders in Vicor Corporation are American Funds Small Cap World Fu, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market Index. American Funds Small Cap World Fu owns 3.21 million shares of the company’s stock, all valued at over $173.36 million. The company sold -0.14 million shares recently to bring their total holdings to about 9.94% of the shares outstanding. iShares Core S&P Mid Cap ETF sold 129.0 shares to see its total holdings shrink to 0.67 million shares valued at over $36.42 million and representing 2.09% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 2.09% of the shares outstanding.
Shares of Vicor Corporation (NASDAQ: VICR) opened at $56.67, down -$0.39 from a prior closing price of $57.06. However, the script later moved the day high at 57.47, up 0.19%. The company’s stock has a 5-day price change of 5.40% and 2.68% over the past three months. VICR shares are trading 6.36% year to date (YTD), with the 12-month market performance down to -50.69% lower. It has a 12-month low price of $42.90 and touched a high of $118.63 over the same period. VICR has an average intraday trading volume of 263.44K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.22%, 8.33%, and -5.19% respectively.
Institutional ownership of Vicor Corporation (NASDAQ: VICR) shares accounts for 57.90% of the company’s 44.03M shares outstanding. Mutual fund holders own 35.12%, while other institutional holders and individual stakeholders account for 36.72% and 21.23% respectively.
It has a market capitalization of $2.37B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 97.89, while the earnings-per-share (ttm) stands at $0.58. The company has a PEG of 4.89 and a Quick Ratio of 4.10 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.91% over the week and 3.65% over the month.
Analysts forecast that Vicor Corporation (VICR) will achieve an EPS of $0.21 for the current quarter, $0.18 for the next quarter and $1.13 for 2023. The lowest estimate earnings-per-share for the quarter is $0.19 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 208.50%, and 56.55% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 57.90% over the past 5-year period.
Looking at the support for the VICR, a number of firms have released research notes about the stock. CJS Securities stated their Market Outperform rating for the stock in a research note on October 26, 2022, with the firm’s price target at $63. Needham coverage for the Vicor Corporation (VICR) stock in a research note released on October 11, 2022 offered a Buy rating with a price target of $65. CJS Securities was of a view on March 23, 2022 that the stock is Market Perform, while BWS Financial gave the stock Buy rating on May 27, 2020, issuing a price target of $84. Needham on their part issued Buy rating on May 15, 2020.
